Insider-Owned Growth Companies To Watch In July 2024

As global markets exhibit a notably broad advance with small-cap stocks leading the way, investors are keenly observing trends and shifts across various indices. In this context, growth companies with high insider ownership stand out as potentially resilient investment opportunities, especially considering the current economic indicators and market dynamics.

Top 10 Growth Companies With High Insider Ownership

Name	Insider Ownership	Earnings Growth
Medley (TSE:4480)	34%	28.7%
Rajratan Global Wire (BSE:517522)	19.8%	33.5%
Gaming Innovation Group (OB:GIG)	26.7%	36.9%
Global Tax Free (KOSDAQ:A204620)	18.1%	72.4%
KebNi (OM:KEBNI B)	37.8%	90.4%
Credo Technology Group Holding (NasdaqGS:CRDO)	14.7%	60.9%
Plenti Group (ASX:PLT)	12.8%	106.4%
Vow (OB:VOW)	31.8%	97.6%
UTI (KOSDAQ:A179900)	34.1%	122.7%
EHang Holdings (NasdaqGM:EH)	32.8%	74.3%

Click here to see the full list of 1438 stocks from our Fast Growing Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

ITMAX System Berhad (KLSE:ITMAX)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: ITMAX System Berhad is an investment holding company that supplies, installs, and provides networked systems for public spaces in Malaysia, with a market capitalization of approximately MYR 3.15 billion.

Operations: The company generates revenue primarily through computer services, totaling MYR 160.84 million.

Insider Ownership: 10.7%

Earnings Growth Forecast: 17.5% p.a.

ITMAX System Berhad, with high insider ownership, reported a solid increase in sales and net income in Q1 2024, demonstrating consistent financial growth. The company's earnings have grown by 34.7% over the past year, with forecasts suggesting a continued but moderate expansion in revenue and profits—17.1% and 17.5% per year respectively—outpacing broader market expectations in Malaysia. Despite this promising outlook, revenue growth is not expected to exceed 20% annually, reflecting some limitations in its scaling potential.

• Get an in-depth perspective on ITMAX System Berhad's performance by reading our analyst estimates report here.
• Our valuation report here indicates ITMAX System Berhad may be overvalued.

Credo Technology Group Holding (NasdaqGS:CRDO)

Simply Wall St Growth Rating: ★★★★★★

Overview: Credo Technology Group Holding Ltd specializes in high-speed connectivity solutions for optical and electrical Ethernet applications across the United States, Taiwan, Mainland China, Hong Kong, and other international markets, with a market capitalization of approximately $5.10 billion.

Operations: The company generates revenue primarily from its semiconductors segment, which amounted to $192.97 million.

Insider Ownership: 14.7%

Earnings Growth Forecast: 60.9% p.a.

Credo Technology Group Holding Ltd, despite its high insider ownership, faces challenges with a recent net loss of US$28.37 million for FY 2024 and a basic loss per share from continuing operations increasing to US$0.18. However, the company's revenue grew to US$192.97 million, showing resilience in sales growth. Insider activity has been mixed with significant selling over the past three months but is expected to achieve substantial profit growth and an impressive return on equity in the coming years.

• Navigate through the intricacies of Credo Technology Group Holding with our comprehensive analyst estimates report here.
• Upon reviewing our latest valuation report, Credo Technology Group Holding's share price might be too optimistic.

Wens Foodstuff Group (SZSE:300498)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Wens Foodstuff Group Co., Ltd. is a livestock and poultry farming company based in China, with a market capitalization of approximately CN¥134.72 billion.

Operations: The company generates its revenue primarily from livestock and poultry farming activities in China.

Insider Ownership: 32.4%

Earnings Growth Forecast: 72.3% p.a.

Wens Foodstuff Group, despite recent dividend cuts and a net loss of CNY 1.24 billion in Q1 2024, is projected to see significant earnings growth, with profitability expected within three years. The company's revenue growth at 14.1% annually is set to outpace the Chinese market average. High insider ownership aligns interests with shareholders but the firm carries a high level of debt, which poses financial risks amidst its recovery and growth trajectory.

• Unlock comprehensive insights into our analysis of Wens Foodstuff Group stock in this growth report.
• Our comprehensive valuation report raises the possibility that Wens Foodstuff Group is priced higher than what may be justified by its financials.

Taking Advantage

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Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

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